Proposed Provision: Starting December 2013, compute the COLA using a chained version of the consumer price index for wage and salary workers (CPI-W). We estimate this new computation will reduce the annual COLA by about 0.3 percentage point, on average.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2012340340
2013329329
2014315316
2015302304
2016290293
2017277282
2018265271
2019253261
2020240250
2021227238
2022212225
2023197212
2024181198
2025164183
2026147168
2027129152
2028110136
202990118
203070100
20314982
20322763
2033543
2034-1823
2035-413
2036-65-18
2037-89-38
2038-114-60
2039-138-81
2040-163-102
2041-189-124
2042-215-146
2043-240-168
2044-266-190
2045-292-212
2046-319-234
2047-346-257
2048-373-280
2049-400-303
2050-428-326
2051-456-349
2052-484-373
2053-512-396
2054-540-420
2055-569-444
2056-598-469
2057-628-494
2058-657-519
2059-688-545
2060-719-571
2061-750-597
2062-782-624
2063-814-651
2064-847-679
2065-880-706
2066-913-734
2067-946-763
2068-980-791
2069-1014-820
2070-1049-849
2071-1084-879
2072-1120-909
2073-1156-940
2074-1193-971
2075-1230-1003
2076-1268-1035
2077-1307-1068
2078-1346-1101
2079-1385-1134
2080-1425-1168
2081-1465-1202
2082-1505-1237
2083-1547-1272
2084-1588-1307
2085-1631-1344
2086-1673-1380
2087-1717-1417
back